Behavioral economics is a new and emerging field of research which incorporates insights from various related disciplines, such as psychology, sociology and neuroscience, to provide solutions for economic and social problems that cannot be easily reconciled by the traditional branch of economics. In April 2004, ISER founded the Research Center for Behavioral Economics - the first of this kind in Japan - with the aim of becoming the research hub of behavioral economics. In June 2009, ISER was selected as the Joint Usage/Research Center for Behavioral Economics by Ministry of Education, Culture, Sports, Science and Technology (MEXT) and since then has played an integral role in bringing together researchers from all over the world and promoting active research collaboration in this field.


January 22, 2020 IER 2020 Lawrence R. Klein Lecture was held at ICHO Kaikan.
2020 Klein Lecture: Nicholas Bloom "Investment and Subjective Uncertainty"
January 14, 2020 "Preferences for observable information in a strategic setting: An experiment" (co-edited by Nobuyuki Hanaki, Adam Zylbersztejn and Zakaria Babutsidze), Journal of Economic Behavior and Organization is now available online.
January 10, 2020 "Adaptation for mitigation" Masako Ikefuji (with H. Sakamoto, and J.R. Magnus), Environmental Resource Economics is now available online.
January 6, 2020 Professor Debasis MISHRA (Indian Statistical Institute) is visiting us from January 6th, to 17th, 2020.
December 25, 2019 Application for Joint Usage / Research Grants 2020 [Behavioral Economics] is now available.
Application Guidelines for Joint Usage / Research Grants 2020
Application form
December 13, 2019 Professor Makoto Watanabe (VU University Amsterdam) is visiting us from December 13th, 2019 to March 16th, 2020.
December 11, 2019 Daiki Kishishita (University of Tokyo) wins ISER / Moriguchi Prize Award 2019.
December 9, 2019 A special issue of Journal of Economic Dynamics and Control entitled "Experimental and Behavioral Analyses in Macroeconomics and Finance" (co-edited by Nobuyuki Hanaki, Herbert Dawid and Jan Tuinstra)is now available online.
This special issue includes two articles co-authored by Nobuyuki Hanaki "Introduction for the special issue on 'Experimental and Behavioral Analyses in Macroeconomics and Finance'" (co-written with Herbert Dawid and Jan Tuinstra) and "The effect of short selling and borrowing on market prices and traders’ behavior" (co-authored with SébastienDuchêne, EricGuerci, and Charles N.Noussair)
December 7, 2019 "Cognitive ability and observed behavior in laboratory experiments: implications for macroeconomic theory", Nobuyuki Hnaki accepted for publication in Japanese Economic Review.
December 2, 2019 Nguyen Thang DAO has joined us Assistant Professor.

More news

Research Highlights

Title Author
2020.1 Expected utility and catastrophic risk in a stochastic economy–climate model (with Laeven R.J.A.; Magnus J.R.; Muris C.), Journal of Econometrics, No. 214, pp.110-129 Masako Ikefuji
2019.10 On the roots of the intrinsic value of decision rights: Experimental evidence (with João V. Ferreira and Benoît Tarroux), Games and Economic Behavior Nobuyuki Hanaki
2019.9 Mechanism design without quasilinearity (with Tomoya Kazumura and Debasis Mishra) Theoretical Economics, forthcoming. Shigehiro Serizawa
2019.7 Pre-negotiation commitment and internalization in public good provision through bilateral negotiations (with Ryusuke Shinohara) Journal of Public Economics Noriaki Matsushima
2019.5 Competitive Personalized Pricing (with Zhijun Chen and Chongwoo Choe) Management Science, forthcoming. Noriaki Matsushima
2019.1 The Impact of Monitoring in Infinitely Repeated Games: Perfect, Public, and Private (with V. Bhaskar, and Guillaume R. Frechette) American Economic Journal: Microeconomics Masaki Aoyagi

More Research Highlights

Discussion Papers

List of Discussion Papers

Upcoming seminar



Shigeki Isogai (Lunch Time Seminar)
(Southwestern University of Finance and Economics)


Sangyup (Sam) Choi
(Yonsei University)

Seminar Schedule
Lunch Time Seminars